Returns of human capital
I. are excluded from gross income.
II. include unemployment compensation benefits.
III. include workers' compensation payments received for personal injury.
IV. are treated the same for tax purposes as all other forms of capital recovery
a. Statements I and III are correct.
b. Statements II, III, and IV are correct.
c. Statements I, III, and IV are correct.
d. Only statement II is correct.
e. Statements I, II, III, and IV are correct.
c
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